Landstar Sys Inc SEC Filings

Landstar System, Inc. (LSTR) disclosed an insider transaction on Form 4. A company director acquired 645 shares of common stock on 10/31/2025 at a reported price of $0.

After this transaction, the director beneficially owned 645 shares, held directly. No derivative securities were reported in the excerpt provided.

Landstar System Inc. (LSTR) reported an initial beneficial ownership filing. A company director submitted a Form 3 indicating no securities are beneficially owned as of the event date 10/31/2025. The filing notes it was filed by one reporting person and was signed by attorney-in-fact Lauren W. Mapanoo on 11/03/2025. This is a routine Section 16 disclosure establishing insider reporting status.

Landstar System Inc. (LSTR) disclosed an initial beneficial ownership statement on Form 3 for a director. The filing reports that no securities are beneficially owned.

The event date is 10/31/2025, and the submission indicates it was filed by one reporting person.

Landstar System, Inc. appointed Barr Blanton and Melanie Housey Hart to its Board of Directors, effective October 31, 2025, and expanded the Board to ten members. The Board determined both new directors are independent under SEC and Nasdaq rules, financially literate, and eligible to serve on key committees. Ms. Hart was also designated an “audit committee financial expert.”

Both directors were appointed to the Audit, Compensation, Corporate Governance, Nominating and Sustainability, Safety and Risk, and Strategic Planning Committees. Each will receive a restricted stock award equal to $80,959 divided by the fair market value of Landstar common stock on October 31, 2025, rounded to whole shares, and an annual cash retainer of $100,000 payable quarterly, pro‑rated for Q4 2025. Each will enter into the Company’s standard Indemnification Agreement.

Landstar System (LSTR) filed its quarterly report for the period ended September 27, 2025. Year‑to‑date revenue was $3,569.3 million versus $3,609.9 million a year ago, as lower operating profit offset stable volumes. Operating income was $122.0 million (down from $191.1 million), and net income totaled $91.1 million versus $149.8 million. Basic and diluted EPS were $2.61 compared with $4.21. For the quarter, revenue was $1,205.4 million and net income was $19.4 million.

Cash and cash equivalents were $375.2 million, with operating cash flow of $152.2 million. The company returned capital via $111.1 million of dividends year‑to‑date ($1.16 per share) and $143.9 million of share repurchases. There were 34,344,702 common shares outstanding as of October 20, 2025.

Results included non‑cash impairment charges of $30.1 million, comprising $7.53 million to goodwill and $8.61 million on assets held for sale related to Landstar Metro, $8.96 million to software (Blue TMS), and $5.00 million on a minority investment. Landstar Metro’s assets and liabilities were classified as held for sale at $13.9 million and $4.2 million, respectively. The company had no borrowings outstanding under its $300 million revolving credit facility.

Landstar System, Inc. (LSTR) announced results for the third quarter of fiscal 2025 and made supporting materials available to investors. The company furnished a press release as Exhibit 99.1 and an investor slide presentation as Exhibit 99.2.

The investor presentation is intended for use on the company’s conference call with investors scheduled for October 28, 2025. The materials were furnished and are not deemed filed under Section 18 of the Securities Exchange Act of 1934.

Landstar System disclosed strategic actions and expected non-cash charges following a company Strategic Review. The company engaged a financial advisor to market its Mexican subsidiary, Landstar Metro, which had an initial investment of $8.5 million and a carrying value of approximately $26 million as of June 28, 2025. Landstar expects to record a non-cash impairment for Landstar Metro of about $13.0–$17.0 million (approximately $0.28–$0.37 per share) in the third quarter. The company will wind down Blue TMS and record a $9.0 million impairment (about $0.20 per share) and intends to record up to a $5.0 million impairment (about $0.11 per share) on its minority investment in Cavnue. A jury assigned 15% of $22.8 million in damages, or $3.42 million, to Landstar Ranger; the company reported an immaterial accrual and does not anticipate the verdict will adversely affect its ability to provide U.S./Mexico cross-border services or its eligibility for the previously disclosed $12.0 million no-claims bonus, although no assurances were provided.